Facebook
shares (NASDAQ:FB) have been able to maintain their bullishness so far, in
spite of occasional bearish corrections, which are temporary in some cases.
The
overall bias is bullish, and recently, the New Year has started on a bullish
note, which promises further bullish movement in the year 2018.
The RSI
period 14 is above the level 60, showing that the current bullishness in the
market is strong. Price is also currently above the upper Trendline, ready to
go further upwards.
The
general direction for Facebook is upwards in this year 2018.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
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